BMO Capital Markets Increases Guyana Goldfields Inc. (GUY) Price Target to C$8.50

Guyana Goldfields Inc. (TSE:GUY) had its price objective lifted by investment analysts at BMO Capital Markets from C$8.00 to C$8.50 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock.

A number of other analysts have also recently commented on the company. Scotiabank cut their price objective on Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. TD Securities cut their price objective on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. Royal Bank Of Canada cut their price objective on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Finally, Clarus Securities upgraded Guyana Goldfields from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$7.63.

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In other news, insider Baupost Group L.L.C. The purchased 186,500 shares of the stock in a transaction dated Thursday, September 21st. The shares were purchased at an average cost of C$4.08 per share, with a total value of C$760,920.00. Also, Director Scott Andrew Caldwell purchased 10,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of C$4.38 per share, for a total transaction of C$43,800.00. Insiders bought 720,500 shares of company stock worth $2,962,116 over the last ninety days.

About Guyana Goldfields

Guyana Goldfields Inc (Guyana Goldfields) is a Canada-based mineral development and exploration company primarily focused on the acquisition, exploration and development of gold deposits in Guyana, South America. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana.

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